Huge volume shows that the bear whales and the bull whales are battling hard at the moment.
BTC is about to choose its direction, either 10k or 8k. Let's enjoy the fight! :)
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Failed breakout. Let's hope the bull whales do not give up.
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The movement of BTC is really weird right now. I wouldn't trade this uncertainty.
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Now we have huge volume and little price movement, I think whales are swallowing coins at the moment. It looks bullish to me.
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OK now we see our bull whales have lost the battle. Now expect it retests the 8400 support. If that doesn't hold, then it would go to 7800-8200 range. The news from SEC hearing will finally decide how low it can go.
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You know what will happen when a whales battle end? The lost whale will become the win whale. Ready for cheap bitcoin.
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I am ready to buy some around 7800-7900. Could be a big bounce there.
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Whales must feel painful pushing the price downward since all veterans left in the market are ready to buy their dump at low price and sell high back to them. It is hard to make profits as a whale nowadays.
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BTC will test 7900-8000 for a second time soon. If the support zone holds twice, this will be our new local bottom. Whales cannt make much profit pushing it down further unless they have really good FUD card in their hand.
Excuse me but where do you see huge volume? Volume is descending...
custom_drake
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@MarkUs.kelvin, we are approaching to Apex point by end of March and beginning April, which probably will decide where BTC is going to trend
realSatoshiNakamoto
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why invest now... if ppl think we are going to 40k then you better buy at 10k instead of risking any bulltrap at this time....for this reason we are going down.
Callmepope
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@jostitrade, most current price moves are made by big players. Retail buyers are not influencing price much right now.
TheGush
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@Callmepope, exactly- seals don’t swim when there are sharks in the water.